META vs SPY: Correlation
Meta Platforms (META) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are META and SPY?
On 3 years of weekly data the META/SPY correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 302.8 %².
By 3-year correlation, SPY places #10 of the 33 assets tracked against META. The last year tells two different stories: SPY led by 43.9 percentage points, -23.3% for META against +20.6% for SPY. On a rolling one-year basis the correlation drifted between 0.31 and 0.73, a moderate band. Risk is not evenly split, since META carries 2.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
META vs SPY: side by side
| META (Meta Platforms) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -23.3% | +20.6% |
| 5-year return | +51.3% | +82.4% |
| Volatility (ann.) | 36.9% | 14.5% |
| Beta vs S&P 500 | 1.45 | 1.00 |
| Max drawdown (3Y) | -34.2% | -18.8% |
| Market cap | $1,454.9B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 0.36% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Communication Services | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | META | SPY |
|---|---|---|
| 2022 | -64.2% | -18.2% |
| 2023 | +194.1% | +26.2% |
| 2024 | +66.0% | +24.9% |
| 2025 | +13.1% | +17.7% |
| 2026 | -13.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 1.91% of SPY is META itself, so the fund partly moves with the stock by construction.
Are META and SPY good diversifiers for each other?
Only partially. A correlation of 0.57 means META and SPY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between META and SPY?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.63 over the last year and 0.53 over 5 years.
Is SPY a good diversifier for META?
Only partially. A correlation of 0.57 means META and SPY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/meta-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/meta-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: META correlations · SPY correlations
